Sectors & IndustriesTechnologyComputer Hardware

Best Computer Hardware Stocks to Buy Now (2024)

Top computer hardware stocks in 2024 ranked by overall Due Diligence Score. See the best computer hardware stocks to buy now, according to analyst forecasts for the computer hardware industry.

According to Due Diligence Score, the 3 best computer hardware stocks to buy right now are:

Super Micro Computer (NASDAQ:SMCI) is the top computer hardware stock with a Due Diligence Score of 67, which is 37 points higher than the computer hardware industry average of 30. It passed 23 out of 33 due diligence checks and has strong fundamentals. Super Micro Computer has seen its stock return 68.38% over the past year, overperforming other computer hardware stocks by 48 percentage points.

Super Micro Computer has an average 1 year price target of $57.90, an upside of 31.11% from Super Micro Computer's current stock price of $44.16.

Super Micro Computer stock has a consensus Hold recommendation according to Wall Street analysts. Of the 12 analysts covering Super Micro Computer, 16.67% have issued a Strong Buy rating, 8.33% have issued a Buy, 58.33% have issued a hold, while 0% have issued a Sell rating, and 16.67% have issued a Strong Sell.

Logitech International Sa (NASDAQ:LOGI) is the second best computer hardware stock with a Due Diligence Score of 60, which is 30 points higher than the computer hardware industry average of 30. It passed 21 out of 38 due diligence checks and has strong fundamentals. Logitech International Sa has seen its stock lose -5.4% over the past year, underperforming other computer hardware stocks by -26 percentage points.

Logitech International Sa has an average 1 year price target of $91.25, an upside of 6.9% from Logitech International Sa's current stock price of $85.36.

Logitech International Sa stock has a consensus Buy recommendation according to Wall Street analysts. Of the 4 analysts covering Logitech International Sa, 25% have issued a Strong Buy rating, 0% have issued a Buy, 75% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

Netapp (NASDAQ:NTAP) is the third best computer hardware stock with a Due Diligence Score of 55, which is 25 points higher than the computer hardware industry average of 30. It passed 20 out of 38 due diligence checks and has strong fundamentals. Netapp has seen its stock return 42.17% over the past year, overperforming other computer hardware stocks by 21 percentage points.

Netapp has an average 1 year price target of $136.73, an upside of 7.16% from Netapp's current stock price of $127.60.

Netapp stock has a consensus Buy recommendation according to Wall Street analysts. Of the 15 analysts covering Netapp, 26.67% have issued a Strong Buy rating, 0% have issued a Buy, 66.67% have issued a hold, while 6.67% have issued a Sell rating, and 0% have issued a Strong Sell.

Out of 5 computer hardware stocks that have issued dividends in the past year, the 3 computer hardware stocks with the highest dividend yields are:

Hp (NYSE:HPQ) has an annual dividend yield of 3.02%, which is 1 percentage points higher than the computer hardware industry average of 1.55%. Hp's dividend payout is not stable, having dropped more than 10% one times in the last 10 years. Hp's dividend has shown consistent growth over the last 10 years.

Hp's dividend payout ratio of 37.8% indicates that its dividend yield is sustainable for the long-term.

Netapp (NASDAQ:NTAP) has an annual dividend yield of 1.6%, which is the same as the computer hardware industry average of 1.55%. Netapp's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Netapp's dividend has shown consistent growth over the last 10 years.

Netapp's dividend payout ratio of 36.4% indicates that its dividend yield is sustainable for the long-term.

Seagate Technology Holdings (NASDAQ:STX) has an annual dividend yield of 1.41%, which is the same as the computer hardware industry average of 1.55%. Seagate Technology Holdings's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Seagate Technology Holdings's dividend has shown consistent growth over the last 10 years.

Seagate Technology Holdings's dividend payout ratio of 71.2% indicates that its dividend yield is sustainable for the long-term.

Computer hardware stocks were down -0.53% in the last day, and up 2.85% over the last week. Quantum Computing was the among the top losers in the computer hardware industry, dropping -5.8% yesterday.

Quantum Computing shares are trading lower following new comments on the stock from Iceberg Research.

Based on WallStreetZen's Valuation Score, the 3 most undervalued computer hardware stocks right now are:

Planet Image International (NASDAQ:YIBO) is the most undervalued computer hardware stock based on WallStreetZen's Valuation Score. Planet Image International has a valuation score of 100, which is 76 points higher than the computer hardware industry average of 24. It passed 7 out of 7 valuation due diligence checks.

Identiv (NASDAQ:INVE) is the second most undervalued computer hardware stock based on WallStreetZen's Valuation Score. Identiv has a valuation score of 71, which is 47 points higher than the computer hardware industry average of 24. It passed 5 out of 7 valuation due diligence checks.

Identiv's stock has dropped -44.3% in the past year. It has underperformed other stocks in the computer hardware industry by -65 percentage points.

Logitech International Sa (NASDAQ:LOGI) is the third most undervalued computer hardware stock based on WallStreetZen's Valuation Score. Logitech International Sa has a valuation score of 71, which is 47 points higher than the computer hardware industry average of 24. It passed 5 out of 7 valuation due diligence checks.

Logitech International Sa's stock has dropped -5.4% in the past year. It has underperformed other stocks in the computer hardware industry by -26 percentage points.